threshold percentage
Defined in 1 place of the United States Code.
The term “threshold percentage” means—
(A) 5 percent in the case of stock which is preferred as to dividends, and
(B) 10 percent in the case of any other stock.
Source
- 1994–present26 U.S.C. § 1059Internal Revenue Code · Corporate shareholders basis in stock reduced by nontaxed portion of extraordinary dividends · for purposes of this section